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Pork cutout futures closed mostly higher on Friday, though December slipped by 37 cents. The USDA figured the week’s FI hog slaughter through Saturday is 2.33 mln head. That is down from 2.358 last week and is 33K head less than the same week last year, according to Alan Brugler at Barchart.
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“Choppy and volatile action in the hog market continued with July rallying sharply this morning and taking out Friday’s high, only to drop sha…
“The hog market’s struggles continued today and prices have fell to a new low for the move. Both July and August are within shouting distance …
“Yesterday’s daily trading volume was once again well above average,” the Hightower Report said. “Open interest dropped more than 7,200 contra…
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